Does anyone know if Open Distro for ElasticSearch (https://opendistro.github.io/for-elasticsearch/) has these problems? Or is it related to how AWS configures/maintains ES on their platform?
379 karma · joined November 7, 2010
Does anyone know if Open Distro for ElasticSearch (https://opendistro.github.io/for-elasticsearch/) has these problems? Or is it related to how AWS configures/maintains ES on their platform?
- https://getpolarized.io/: open source html and pdf document manager. Supports Anki flashcards, local storage, markup of pdfs, tracking reading progress, more
- https://www.notion.so - paid/hosted service
- https://joplin.cozic.net/ - seems like a decent open source project
If you check these out and respond here (or in a new "Tell HN") with your thoughts, I'd love to read it.
EDIT: Nevermind, should have RTFM - see CHROME_USER_DATA_DIR in https://github.com/pirate/ArchiveBox/wiki/Configuration.
This looks really, really awesome.
This letter left me feeling a bit empty, which I've never felt before after reading Berkshire letters. No in depth discussion of anything interesting. I actually see it as a bit of a worrying sign.
I'm speculating here, but maybe Buffett is conflicted about discussing the changes in corporate tax code in more depth given that it helps Berkshire and shareholders (himself the most, as the largest shareholder by far) at the expense of the country?
Would love to see a write-up/notes/gist that demos this.
While Vanguard may vote all their shareholder proxies, they almost always vote along with the recommendations of management - practically never holding management accountable.
Proof: Take a look at their actual voting record on the S&P 500 fund https://about.vanguard.com/vanguard-proxy-voting/supporting-...
It's a sales pitch so obviously needs caution here, but I'm curious - what do you know about a "fasting mimicking diet"? Is it at all effective?
Can't really see how they're doing "what's best for the customer" anymore. More like what's best for their bottom line.
Looks interseting!
Control sequences work - ie I can exit with C-x C-e.
Works fine in regular Mac OS X terminal.
Any suggestions appreciated. Looks like an awesome project!
The downside is that the incentive fees get much more complicated - too complicated to lay out here. I've modeled the scenarios in the following Google Spreadsheet (feel free to copy and play around with this): https://docs.google.com/spreadsheets/d/1RlB4iwg42dEa-atdti4H...
If you do check it out:
Notice that in the [high ret] scenarios, there's little difference in total fees charged between the "fair" 6% hurdle and the 2-and-20 scenario. However, in the [low ret] scenario, the fee difference can be quite substantial: $227k for 2-and-20 vs $70k for the 6% hurdle scenario. And the resulting
Please feel free to copy and play with the values if you'd like. I'd love to discuss in more depth.
The 6% hurdle is a reasonably fair expectation of annualized stock market returns going forward for next 10-20yrs. If there's sufficient interest please reply to this comment and I can detail reasons why, most likely in a full fledged post.
(Over the next 3-5 years, I believe "market returns" - defined as those received from SPY ETF - are likely to be less than 6% from this point (Dec 23 2016), possibly significantly so.)
Managing to the future by getting rid of the dead weight is the only way you can survive to be a 100+ year old company in the technology space.
This is almost certainly a bet by Ted Weschler or Todd Combs - Buffett's chief investing lieutenants.
Buffett has maintained his aversion to tech as he doesn't "understand"[1] it, and I see nothing to indicate he's changed his mind at this stage in the game.
Also - a $1bn investment is relatively small change for Buffett, but fits squarely within the size range of Ted and Todd's reported $8-10b (each) investment warchest.
[1]: Not "understanding" doesn't mean he doesn't or couldn't understand the technology aspects; rather, it means he doesn't have the ability to see which of the participants will survive and thrive in 10 years time to justify an investment today. IBM is a notable exception.
If there's a lot more value to to accrue to his FB stock (even on a time-discounted basis), wouldn't he want to rationally wait for the future value of those shares to materialize to have maximum impact?
Alternatively he could just think that the value to society of funding the right causes (in his mind) is just that much greater than the time-discounted future value.
I'd like to add: This, I think, is one of the big reasons why startups prefer hiring young people (ie, recent grads) - young people just don't know any better. They have the barest idea (if any) what dilution, ratchets, preferred participations, etc does to their already minuscule equity package.
"OMG I'm getting 70,000 shares!" is what I thought about my first startup. Wasn't even offered (and didn't bother to think about) anything else.
Perhaps I'm projecting too much of my ignorance back then on newly minted grads now, but it's safe to say that lack of experience in the myriad of different ways things can (and most likely, 99% chance) will devalue the work I'm willing to put into a company at 80+ hour weeks.
The most inane argument I hear from founders nowadays is "we just got funding, so we're de-risked". Nice try. Just cause you sold someone with money to burn (VCs have a bias to action - "gotta get that IRR to our LPs in 10 years!") does not mean you've de-risked anything. Proper de-risking comes from finding a real product-market fit, with achievable financials metrics that pave the way to real profitability. Anything else is just greater fool theory - hoping a greater fool comes around and buys the company's story.
EDIT: Member notacoward has a great comment about rank and file employees also not appreciating the back-end commitment usually required at an acquirer. In the highly "fortunate" event where the startup is acquired, there's usually at least a 2-3 year commitment after that fact to get liquidity. This is assuming liquidity is even available! With the ever-telescoping horizon to an IPO for even the "unicorns", I wouldn't be surprised if most rank and file employees are committed to 6, 7, even 8 years to achieve full (diluted) value of their option packages.